Brief: Harvia Proposes Dividend Of EUR 0.68 Per Share For 2023

Harvia Oyj

08/02/2024 08:47

Feb 8 (Reuters) - Harvia Oyj  HARVIA.HE :
    * BOARD OF DIRECTORS' DIVIDEND PROPOSAL IS EUR 0.68 (0.64)
PER
SHARE IN TOTAL, TO BE PAID IN TWO INSTALMENTS
    * HARVIA DOES NOT PUBLISH A SHORT-TERM OUTLOOK
    * FINANCIAL TARGETS AND OUTLOOK: HARVIA TARGETS AN AVERAGE
ANNUAL
REVENUE GROWTH OF MORE THAN 5%, AN ADJUSTED OPERATING PROFIT
MARGIN EXCEEDING 20% AND A NET DEBT/ADJUSTED EBITDA BETWEEN
1.5X−2.5X IN LONG TERM
    * MARKET CONDITIONS CONTINUED TO DIFFER ALSO IN Q4, WITH
EUROPEAN
MARKETS GENERALLY WEAKER THAN MARKETS OUTSIDE EUROPE
    * HOWEVER, CENTRAL EUROPE STARTED TO SHOW SOME SIGNS OF
STABILIZATION AFTER A LONG, WEAK PERIOD
    * HOWEVER, MARKET CONDITIONS WERE TOUGH IN FINLAND AND
SCANDINAVIA, WHERE HIGH INTEREST RATES, LOW CONSUMER CONFIDENCE
AND CHALLENGES IN CONSTRUCTION SECTOR STILL CONTINUED TO HAVE A
NEGATIVE IMPACT ON SALES IN ALL PRODUCT GROUPS

Source text for Eikon:  ID:nGNE8KhtMn 
Further company coverage:  HARVIA.HE 

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